We recently published 10 Stocks Winning the Market. TeraWulf Inc. (NASDAQ:WULF) was one of the best performers on Tuesday.
TeraWulf rallied for a second day on Tuesday, jumping 11.99 percent to close at $17.56 apiece, as investors repositioned portfolios ahead of the results of its fourth quarter and full-year 2025 earnings performance.
According to the company, it is scheduled to release its financial and operating highlights after market close on Thursday, February 26. A conference call will be held to elaborate on the results.
In other news, TeraWulf Inc. (NASDAQ:WULF) earlier announced plans to expand its portfolio with the development of some 1,480 MW of new digital and power capacity, following the acquisition of two land parcels in Kentucky and Maryland.
The company recently acquired a former industrial site in Hawesville, Kentucky capable of housing 250 buildable acres for compute capacity, high-voltage transmission lines, an on-site energized substation, and a direct connection to the regional transmission network.
At present, the Hawesville site operates 480 MW of existing power, and has the potential to expand over time. Redevelopment of the area is expected to occur in phases.
In Maryland, TeraWulf Inc. (NASDAQ:WULF) successfully acquired a 250-acre parcel of land which currently houses the Morgantown Generating Station, a grid-connected power generation facility capable of powering approximately 210 MW of operational generation capacity.
The land currently houses substantial electrical infrastructure and associated real property, with the ability to house an expanded 1 GW power generation capacity.
TeraWulf Inc. (NASDAQ:WULF) said that it is initially planning to develop a 500MW power capacity in the area.
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Disclosure: None. This article is originally published at Insider Monkey.